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Accounting – Accounting Basics


Accounting Basics – course Zero knowledge in Accounting …? – Accounting Introduction Single Subject Diploma Accountancy is one of the most worthwhile disciplines that provide the learners with many opportunities for their development. By definition and nature, the accounting is a process of recording, examining and evaluating the business transitions and communicates that information to decision makers for strategic planning. In the contemporary business world, the role of accounting systems and accountants is of great importance because all the financial and accounts transactions are based on these systems and professional accountants handle this information. Accounting for Non-Accounting Students : This basic accounting diploma is designed comprehensively for the learners to provide them with an inclusive introduction to accounting and its role in modern businesses. The accounting unit covers the topic such as the fundamental concept of accounting, the purpose of the accounting information system, scope of financial reporting and the significance of financial reporting from the stakeholder’s perspective. In addition to this, the basic accounting unit also includes topics such as the control of business transactions through accounting, the different type of accounting systems and information provided by the financial accounting system. The aim of this accounting unit is to provide the learners with a foundation for their continuing professional development and through this course, they will be able to understand the basic knowledge about the accounting and will be able to develop the necessary skills required in modern accounting systems. Inspire London College’s management and teaching staff will be there for your assistance for 24 hours a day and 7 days a week. After enrolling for this course you will get access to our Virtual Learning Environment (VLE)/Moodle and all the study material and assessment will be available at VLE/Moodle. Accounting

SKU: 224065 Category:


Accounting and finance_Accountancy


Accounting Basics- Course Benefits

  • The success rate of this course is 100% as it is skills focused and assignment based course.
  • A professional one-to-one tutor to provide all-inclusive assistance throughout the course online.
  • Flexible online learning process without any deadlines.
  • Course material includes all the essential learning material such as lecture notes, Assessments, Quizzes (if require) in PDF, Microsoft Word, Excel, PowerPoint format and other useful study links.
  • Assessment resources accessible through our online learning platform / Moodle 24/7
  • Upon successful completion, students will receive one Unit Certificate from ILC

Accounting Basics course – Learning Objectives;

  • After taking this course the learners will be able to understand;
  • The basic concept of accounting
  • Different types of businesses and the importance of accounting in the modern business environment
  • Principles and scope of the financial reporting system
  • The need for accounting information systems for the stakeholders
  • How to control business transactions in different types of businesses
  • Understand the different types of accounting systems and their productivity
  • The type of information that can be evaluated by the accounting system

Accounting Basics- Topics Covered

  • The purpose of accounting information
  • Nature, Principles and Scope of Financial Reporting
  • Users’ and stakeholders’ needs
  • The need for financial accounting systems
  • Control over business transactions
  • Manual and computerised accounting systems
  • The information provided by financial accounting systems

Accounting Basics – Course Assessment

After studying the course material, Learner will have to attempt Final Assignment(s).

The Assignment Brief containing the different questions will be available on VLE / Moodle. You will be assessed by Inspire London College’s Assessor. A range of assessment methods may be used. When an assessment criteria is met, it will be graded ‘Pass’. If there is further evidence required, it will be graded ‘referred or fail’, and your assessor will give feedback as to how you can meet the criteria. You can resubmit an assignment as many times as you need to.

All written report(s) / Assessment(s) are online and are taken either through or after the course; these are included in the course price.

Accounting Basics course – Certification

Upon successful completion of the course, learner needs to pay for Certificate from Inspire London College (PDF format only).

Certificate of Completion from ILC (PDF format only) = £20

Certificate of Completion from Inspire London College (Hardcopy) = £30 + postage charges £15